In 1977, after graduating from Dartmouth’s Tuck School of Business, David Leuschen moved to New York and started work at Goldman Sachs. After several years with the company, David was asked to specialize in energy. In 1982 he founded the Goldman Sachs Energy and Power Group and became the head of the group in 1985. David was responsible for expanding Goldman’s energy and power investment banking practice. Under his lead, it grew to be one of the industry’s leading franchises. In 2000, David Leuschen left Goldman after 22 years to start Riverstone Holdings, a private equity firm focusing on growth capital investments in the power and energy sectors. In the past 14 years, Riverstone has grown to be a leading investor in the conventional and renewable energy business. Some of the company’s latest news and press releases can be found below.

  • Riverstone Holdings LLC Signs Definitive Agreement to Acquire Proserv Group Inc.

    Posted in Global Energy, Press Releases.

    Aberdeen, Scotland, and New York, New York (October 23, 2014) – Riverstone Holdings LLC, a leading energy and power-focused private equity firm, and Proserv Group Inc, based in Aberdeen, Scotland, announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P., in partnership with Proserv management, has agreed to acquire 100% of the shares of Proserv from investment funds affiliatedwith Intervale Capital (“Intervale”), Weatherford International (“Weatherford”) and certain minority shareholders. Financial terms of the transaction were not disclosed. The transaction is subject to certain …

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  • Sierra Oil & Gas Announces Commitment of US$525 Million

    Posted in North America, Press Releases.

    Mexico City, Mexico (September 18, 2014) – Sierra Oil & Gas S. de R.L. de C.V. (“Sierra”), Mexico’s first independent exploration and production (“E&P”) company, today announces that  it has secured equity commitments of US$525 million. Sierra, headquartered in Mexico City, is led by Ivan Sandrea, a highly experienced E&P executive with an extensive track record of leadership in energy organizations including Statoil, BP, OPEC and Energy Intelligence. Mr
    Sandrea has assembled a team of distinguished professionals from the Mexican and international oil & gas sector, representing over 350 years of experience …

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  • Riverstone Holdings LLC Adds Energy-Focused Credit and Capital Markets Team

    Posted in Press Releases.

    New York, NY (July 10, 2014) – Riverstone Holdings LLC, a leading energy and power-focused private equity firm, announced today that it has hired a highly experienced team of energy-focused leveraged finance professionals who will spearhead the firm’s expansion into credit and capital markets activities. The team is comprised of Christopher Abbate, Jamie Brodsky, and Daniel Flannery.

    Mr. Abbate, who joins Riverstone as a Managing Director and will lead the new team, has spent his entire 17-year career financing energy companies, mainly in the leveraged capital markets. Prior to joining Riverstone, Mr. …

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  • Riverstone Holdings LLC Agrees to Purchase Wayne Business from GE

    Posted in Press Releases.

    Austin, TX (May 7, 2014) – Wayne, A GE Business, and a global innovator of fuel dispensers and forecourt technologies, today announced that Riverstone Holdings LLC, an energy and power-focused private equity investment firm, has signed an agreement to acquire the Wayne business from GE. The transaction will enable Wayne to continue to provide world-class service and support to customers while pursuing the innovative technologies for which the company is known, including the Wayne Helix™ fuel dispenser and the Wayne Fusion™ forecourt system.

    Riverstone, which previously owned a significant stake in Wayne …

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  • Rock Oil Holdings LLC Announces $250 Million Commitment

    Posted in Press Releases.

    Denver, CO, Houston, TX and London, UK (March 13, 2014) – Rock Oil Holdings LLC (“Rock Oil” or the “Company”), a newly-formed, Denver and Houston-based oil and gas company today announced an equity commitment of up to $250 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”) and additional amounts from the Company’s management team. The Riverstone commitment comprises up to $167 million from Riverstone Global Energy and Power Fund V (“Fund V”) and up to $83 million from Riverstone Energy Limited (“REL”).

    The Rock Oil management team

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  • Next Generation Energy Logistics Formed to Pursue Opportunities

    Posted in Press Releases.

    Old Greenwich, CT (March 12, 2014) – Next Generation Energy Logistics, LLC (“NxGen”) has been formed by Perot Bissell, Michael Crosby, and Belinda Foxworth to pursue opportunities in the downstream energy logistics industry, including businesses involved in the distribution of diesel fuel, gasoline, CNG, LNG, bio-fuels, and industrial lubricants throughout North America. Mr. Bissell was one of the founding investors of Maxum Petroleum, Inc. and served as its CEO from 2006 until 2012. During his tenure, Maxum became of one the largest independent distributors of fuel and lubricants to commercial and industrial …

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  • Fieldwood Energy LLC Closes Gulf of Mexico and Gulf Coast Acquisition

    Posted in Press Releases.
    Houston, TX (Feb. 25, 2014) – Fieldwood Energy LLC (“Fieldwood” or “The Company”) today announced the closing of its acquisition of SandRidge Energy, Inc.’s Gulf of Mexico and Gulf Coast business unit for a net cash payment of approximately $705 million, which reflects adjustments to the purchase price for cash flow since the effective date and net working capital. Production from the acquired assets currently exceeds 26,000 boepd. The acquisition further enhances Fieldwood’s position as the owner of the largest asset base on the Gulf of Mexico Shelf while also expanding the …
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  • Liberty Resources II LLC Announces Acquisition of Bakken Assets, Marking Return to Williston Basin

    Posted in Press Releases.

    Denver, CO and London, UK (Jan. 30, 2014) –Liberty Resources II LLC (“Liberty II” or the “Company”), a Denver-based oil and gas company, today announced that it has entered into an agreement to acquire oil and gas assets in North Dakota’s Williston Basin for $455 million.  The properties to be acquired comprise approximately 53,000 net acres in Williams, Divide, Burke and McKenzie counties and over 4,000 boe/day of production from the Bakken and Three Forks formations, which Liberty II will continue to target as it furthers the development of the acquired

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  • Riverstone to Invest up to $300 million in Eagle Energy Exploration, LLC

    Posted in Press Releases.

    Tulsa, OK and New York and London (Dec. 13, 2013) – Eagle Energy Exploration, LLC (“Eagle”) announced today an equity commitment of up to $300 million from energy private equity firm Riverstone Holdings LLC (“Riverstone”).  The Riverstone commitment comprises up to $200 million from Riverstone Global Energy and Power Fund V (“Fund V”) and up to $100 million from Riverstone Energy Limited (“REL”).  Eagle will pursue oil and gas exploration and production opportunities in the Mid-Continent region of the United States, leveraging its deep operating experience in the region and building on …

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  • H.E.S. Beheer and Hestya Enter Into Exclusive Negotiations

    Posted in Europe, Press Releases.

    Rotterdam, NL (Nov. 26, 2013) – H.E.S. Beheer N.V. (the “Company“) and Hestya Energy B.V. (“Hestya“) announce that they are in discussions regarding a possible public cash offer, by Hestya or a new entity that is an affiliate of Hestya (the “Possible Offeror“), for all issued and outstanding shares of the Company (the “Possible Public Offer“). Hestya was incorporated and is controlled by investment funds managed or advised by an affiliate of Riverstone Europe LLP (“Riverstone“). HES Beheer has granted exclusivity to …

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